Goldman Investments Acquires Upper West Side Multifamily For $5.2M
SOLD
$5,200,000
New York
See Similar DealsMultiFamily5,545 SF
Sold 01/28/2021
SOLD
Goldman Investments Acquires Upper West Side Multifamily For $5.2M
169 W 83rd St, Manhattan, New York, NY, USA
See Similar DealsMultiFamily5,545 SF
Sold 01/28/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$937
Total Square Footage:5,545 SF
Transaction Type:Sale
Located in the Upper West Side, this multifamily property at 169 W. 83rd St. recently changed hands in a closed transaction. The property, consisting of 5 units, offers a total area of 5,545 square feet. The sale price for this transaction was recorded at $5,200,000, resulting in a price per unit (PPU) of $1,040,000. The price per square foot (PPSF) stands at $937. The previous sale took place in September 2008 for $3.2 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Units: 5
- Price Per Unit (PPU): $1,040,000
- Total Square Feet: 5,545
- Price Per Square Foot (PPSF): $937
- Address: 169 W. 83rd St.
- Market: Upper West Side
The buyer for this transaction was Goldman Investments, represented by Hadar Goldman. The seller in this deal was Douglas Jabbour.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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